12-29-15 TEFCU FUSE Brochure-web

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12-29-15 TEFCU FUSE Brochure-web
FUSE
OPEN A FUSE Share
Certificate TODAY.
It’s easy to
save for college
FUSE
for the Future!
LOCATIONS
2000 Bladensburg Road, NE
Washington, DC 20018
and earn your child a
1114 H Street, NE
Washington, DC 20002
scholarship*
5948 Richmond Highway
Alexandria, VA 22303
with a FUSE
(Funding Ur Student’s
Education) Share
Phone: (202) 832-5100
Tele-Connect: (202) 526-8414
Fax: (202) 379-7076
[email protected]
www.tefcu.org
Certificate.
Federally Insured by NCUA
PLANNING
FOR TOMORROW
What is your
5-Year Savings
Goal?
Save for Your Child’s Education.
We’ll Reward You for It.
Are you saving for the college education of
a child 22 years of age or younger? If you
are, or if you’re not doing so but need to,
we’d like to help. We’ll provide your child
with a scholarship* if you open a FUSE Share
Certificate for them.
FUSE Share Certificates: Not Your
Standard Share Certificates
A FUSE Share Certificate involves 5 years of
multiple deposits: 52 weekly, 26 biweekly,
or 12 monthly contributions. You have three
easy ways to make them:
$15,000
$15,000
• Direct deposit
• Payroll allotments
$12,000
$12,000
• Transfers from shares
At maturity, the funds you’ve saved will roll
over into your child’s regular share account.
$10,000
$9,000
Would a $1,500 Scholarship* Help?
Each scholarship* will be equivalent to 10%
of the amount that has accumulated in the
Share Certificate at the time of maturity. For
example, if your balance is $10,000, we’ll
award your child a $1,000 scholarship at
maturity. The maximum scholarship is $1,500
per Share Certificate.
As with our other certificates, there’s a
penalty for early redemption. In addition,
no scholarship* will be awarded if the Share
Certificate is redeemed prior to the end of
the 5-year term.
For the current FUSE Share Certificate rate,
please visit us www.tefcu.org.
*Scholarship awarded at maturity contingent upon
no early redemption of the certificate. The maximum
scholarship amount is $1,500 per Share Certificate.
$7,000
$6,000
$5,000
$3,000
WEEKLY CONTRIBUTIONS
$19.23
$26.92
$38.46
$46.15
$57.69
TEFCU awards the
scholarship upon maturity
of the Share Certificate.
$500
$700
$1,000
$1,200
$1,500

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